Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many businesses will be impacted by changes to business rates (a) nationally and (b) in Torbay constituency.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation was the first since the pandemic, which has led to significant increases in rateable values for some properties as they recover from the pandemic.

To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.

You can find both national and regional data related to the 2026 revaluation here: Non-domestic rating: change in rateable value of rating lists, England and Wales, 2026 Revaluation (compiled list) - GOV.UK